Issuer
Information
1 Issuer: Kvika banki hf.
2 Org. no: 540502-2930
3 LEI 254900WR3I1Z9NPC7D84
Issue
Information
4 Symbol KVIKA 34 1211 T2i
(Ticker)
5 ISIN code IS0000035830
6 CFI code DBFUGR
7 FISN númer KVIKA BANKI/6.25 BD 20341211
8 Bonds/bills: Bond
9 Total issued 2.000.000.000
amount
10 Total amount -
previously
issued
11 Amount issued 2.000.000.000
at this time
12 Denomination 20.000.000
in CSD
13 Listed on Yes
Nasdaq Stock
Exchange
Amortization -
Cash Flow
14 Amortization Bullet bond
type
15 Amortization
type, if
other
16 Currency ISK
17 Currency, if
other
18 Issue date December 11, 2023
19 First ordinary December 11, 2034
installment
date
20 Total number 1
of
installments
21 Installment Á ekki við
frequency
22 Maturity date December 11, 2034
23 Interest rate 6,25%
24 Floating
interest
rate, if
applicable
25 Floating
interest
rate, if
other
26 Premium
27 Simple/compoun Simple Interest
d interest
28 Simple/compoun N/A
d, if other
-------------------------------------------------------------
29 Day count 30E/360
convention
30 Day count N/A
convention,
if other
-------------------------------------------------------------
31 Interest from December 11, 2023
date
32 First ordinary December 11, 2024
coupon date
33 Coupon 1
frequency
34 Total number 11
of coupon
payments
35 If irregular N/A
cash flow,
then how
-------------------------------------------------------------
36 Dirty price / Clean price
clean price
37 Clean price Full nominal
quote
38 If payment No
date is a
bank holiday,
does payment
include
accrued
interest for
days missing
until next
business day?
Indexing
39 Indexed Yes
40 Name of index CPI
-------------------------------------------------------------
41 Daily index or Daily Index
monthly index
42 Daily index or N/A
monthly
index, if
other
-------------------------------------------------------------
43 Base index 604,267
value
44 Index base December 11, 2023
date
Other
Information
45 Call option Yes
46 Put option No
47 Convertible No
48 Credit rating N/A
(rating
agency, date)
-------------------------------------------------------------
49 Additional The notes are callable by the issuer at the Interest Payment
information Date falling in or nearest to December 2029 and on every
Interest Payment Date thereafter (but excluding) the
Maturity Date.
The bonds are tier-2 subordinated bonds, therefore forming a
part of the capital base of financial companies, cf.
Chapter 4 of Regulation (EU) no. 575/2013 which has legal
force in Iceland according to Article 1 c of the Financial
Companies Act no. 161/2002. This means that claims under
this bond are subordinate to other claims against the
issuer in the event of bankruptcy or liquidation or similar
actions, other than repayment of share capital, cf. 4. tl.
Article 114 Act on Bankruptcy No. 21/1991
-------------------------------------------------------------
Admission to
Trading
50 Registered at Yes
CSD
51 Securities Nasdaq verðbréfamiðstöð
depository
52 Date of December 7, 2023
Application
for Admission
to Trading
53 Date of December 14, 2023
Approval of
Application
for Admission
to Trading
54 Date of December 20, 2023
admission to
trading
55 Order book ID KVIKA_34_1211_T2i
56 Instrument Corporate Bonds
subtype
57 Market Iceland Cash Bond Trading
58 List ICE_BANK_BONDS
population
name
59 Static No
volatility
guards
60 Dynamic No
volatility
guards
61 MiFIR BOND - Bonds
identifier
62 Bond type CRPB - Corporate Bond© 2023 GlobeNewswire
